According to Foresight News, the verifiable oracle protocol ORA (formerly Hyper Oracle) will open OpenLM IMO at 09:00 Beijing time on April 13. Users can now connect their wallets to X to register. IMO follows a first-come, first-served principle. The minimum purchase amount is 0.01 ETH and the maximum purchase amount is 1 ETH. IMO will be open for 72 hours.
The total amount of OpenLM IMO token OLM is 1 billion, 50% will be used for IMO public sale, 30% will be used for liquidity, 10% will be allocated to OpenLM contributors, and 10% will be allocated to the ORA team. The fully diluted valuation of OLM is 300 ETH, IMO will raise 150 ETH (500 million OLM), and the IMO price of OLM is 3e-7 ETH (about 0.001 USDT).
OLM has two major features: revenue sharing and destruction. Part of the revenue from OAO or other sources will be allocated to the revenue sharing pool composed of OLM tokens. Token holders can claim their income every 90 days after the snapshot. Part of the revenue from OAO or other sources will be allocated to the destruction pool of OLM tokens. Token holders can destroy their tokens as a buyback mechanism. The destruction mechanism will support the OLM floor price.
OpenLM is an executable language model repository that aims to facilitate research in intermediate language models and maximize GPU utilization and training speed.
